Knowledge economy infrastructure formation in the northern regions of the Russian Federation

Valentina Zhideleva () and Natalia Sedusova

ERSA conference papers from European Regional Science Association

Abstract: When we consider knowledge economy as the top level of innovative economical development and the basis for the scientific knowledge, there is a need to make a favorable environment that might provide its efficient function. Knowledge economy that follows postindustrial society includes the increased quality of the human capital, increased life level, knowledge and high technologies production as well as production of innovations and qualitative services. The human capital has become the key productive factor in creation of up-to-date new high technologies, production development, and their efficiency increase that leaves behind development of science, culture, healthcare, safety and social spheres. According to the United Nation Organization?s report about the human capital development, the human capital ratio in such well developed countries like the USA, Finland, Germany, Japan and Switzerland makes about 80 % of the national wealth. Research and development, increased investments into the human capital and hi-tech inventions precisely guarantee those countries the world?s leadership. Summarizing the results of the recent 20-years period of the Russian economy development, unfortunately we have to take a note that, production efficiency and economy of the whole Russia and its northern regions in particular has not increased, but decreased in most cases compared to the soviet period results. The quality of the human capital requires increase of its techno-technological characteristics. Creation of hi-tech productions with the high adding value requires first and foremost contemporary knowledge economy infrastructure that includes: ? Top quality of education; ? Efficient fundamental science; ? Venture business; ? High quality of the human capital; ? Knowledge and new technologies production; ? Knowledge society; ? Infrastructure for the ideas, inventions and researches transfer into production. All the above mentioned is acute and crucial for the Russian northern regions development. The Komi Republic is studying the world?s best practices and establishes professional clusters in order to create efficient productive environment for its economical development.

Keywords: Knowledge economy; innovations; human capital development; quality of education (search for similar items in EconPapers)
Date: 2015-10
New Economics Papers: this item is included in nep-cis, nep-ino and nep-knm
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